By Stoyan Bojinov:Bearish pressures took hold of Wall Street on Tuesday as investors broadly pulled the sell trigger following the latest FOMC meeting. The Fed minutes revealed that central bank members “generally agreed that the economic outlook, while a bit stronger overall, was broadly similar to that at the time of their January meeting." Equity markets were hoping for hints of additional quantitative easing, which inevitably led to a sell-off after the Fed made no such suggestions.
Profit taking quickly followed the FOMC meeting. The Dow Jones Industrial Average led the way lower, shedding 0.49% on the day, while the Nasdaq proved most resilient, losing only 0.20% as the trading session drew to a close. In other economic news, domestic factory orders came in at 1.3%. This figure was well above last month’s reading of negative 1.1%, but ultimately fell short of analyst estimates of 1.5%. In international news, the eurozone producerComplete Story »

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By Stoyan Bojinov:Stocks extended their losses from yesterday as the bears stuck around on Wall Street. Selling pressures carried over as investors were quite displeased to hear from the FOMC on Tuesday that additional stimulus measures would be unlikely at this time. Profit taking continued as investors dialed back their risk appetites even further. The Nasdaq led the way lower, losing 1.46% on the day, while the Dow Jones Industrial Average proved most resilient, shedding just 0.95%.

By Stoyan Bojinov:Domestic equities gave up gains from Monday’s steep rally today as disappointing economic data sparked concerns and profit taking pressures followed. Selling pressures accelerated toward the end of the trading session and major equity indexes finished the day in red territory. The Nasdaq proved most resilient, shedding 0.07% on the day, while the Dow Jones Industrial Average was hit the hardest, losing 0.33% on the day.

By Stoyan Bojinov:The string of disappointing news continues as equity markets got off to a mixed start following the latest economic data release on the home front. Factory orders in April came in at negative 0.6%, marking a modest contraction in the manufacturing sector and ultimately falling short of the the expected 0.1% growth figure.

By Stoyan Bojinov:Equity markets took cues from overseas today as Greek elections stole the headlines, forcing investors to brush aside a pair of encouraging economic data releases on the home front. Profit taking pressures took hold of the market right from the opening bell, although major indexes did manage to regain a lot of lost ground by the end of the day. On Wall Street, the Dow Jones Industrial Average led the way lower, sinking 0.59% on the day, while the Nasdaq proved most resilient, losing 0.39% on the day.

By Stoyan Bojinov:Equity indexes broadly drifted lower throughout the day, although a last-hour rally on Wall Street helped many benchmarks to end the day in green territory. Investors expressed their concerns over lackluster retail sales data at home coupled with looming debt-deal drama in the currency bloc overseas.

By Stoyan Bojinov:Greek drama is the name of the game. Selling forces prevailed for yet another day on Wall Street as uncertainty climbed following the latest decision to host another round of elections in Greece. On the home front, the S&P 500 Index led the way lower, sinking by 0.57% on the day, while the Nasdaq proved most resilient, shedding just 0.30%. Gold and oil extended their losses as well, settling near $1,545 an ounce and $93 a barrel respectively.

By Stoyan Bojinov:Equity markets drifted sideways throughout most of the day with a downward bias, ultimately closing out the trading session in shallow red territory. The Nasdaq led the way lower, shedding 0.52% on the day, while the Dow Jones Industrial Average proved most resilient, losing only 0.21% as the closing bell rang.

By Stoyan Bojinov:Stocks endured yet another bumpy trading session as indexes oscillated between gains and losses for most of the day thanks to mixed economic developments. On the home front, Exxon Mobil (XOM) posted strong quarterly earnings, although lackluster home prices data overshadowed the energy giant’s profits.

By Stoyan Bojinov:Equity indexes were fairly flat on Tuesday, oscillating between small gains and losses throughout much of the day, with the bears coming out on top as the trading session drew to a close.

By Stoyan Bojinov:Equity markets around the globe plunged lower as ongoing eurozone debt woes continue to weigh down on investor’s confidence, while the resurfacing deficit drama in the U.S. only added to the growing cloud of uncertainty. The Dow Jones Industrial Average led the way lower, plunging 2.11% on the day, while the S&P 500 was the most resilient of the domestic equity indexes, shedding 1.87%. Profit taking was abundant across every corner of the market and even gold failed to take on safe haven appeal.